How should we judge a government?

In Malaysia, if you don't watch television or read newspapers, you are uninformed; but if you do, you are misinformed!

"If you're not careful, the newspapers will have you hating the people who are being oppressed, and loving the people who are doing the oppressing." - Malcolm X

Never argue with stupid people, they will drag you down to their level and then beat you with experience - Mark Twain

Never argue with an idiot, otherwise people won't know which one of you is the idiot.
Since light travels faster than sound, some people appear bright - until you hear them speak.

Why we should be against censorship in a court of law: Publicity is the very soul of justice … it keeps the judge himself, while trying, under trial. - Jeremy Bentham

"Our government is like a baby's alimentary canal, with a happy appetite at one end and no
responsibility at the other. " - Ronald Reagan

Government fed by the people

Government fed by the people

Career options

Career options
I suggest government... because nobody has ever been caught.

Corruption so prevalent it affects English language?

Corruption so prevalent it affects English language?

When there's too much dirt...

When there's too much dirt...
We need better tools... to cover up mega corruptions.

Prevent bullying now!

Prevent bullying now!
If you're not going to speak up, how is the world supposed to know you exist? “Orang boleh pandai setinggi langit, tapi selama ia tidak menulis, ia akan hilang di dalam masyarakat dan dari sejarah.” - Ananta Prameodya Toer (Your intellect may soar to the sky but if you do not write, you will be lost from society and to history.)

Thursday, February 26, 2015

How can there be a 'big and fat female pigeon strutting along Jobstreet' ?(Cantonese: 'tai chek kap nah chui kai thiu')?

Read a report somewhere about Jobstreet Corp Bhd's Rm1.961 billion pre-tax profits in their last FYE 31.12.14. Checked its share price and found it low and its shares turnover not high for that kind of profits.

Checked its share capital and other relevant info and found the following:

For both Last FYE 31/12/14 and Last 4Q 31/12/14:

Revenue: Rm186.251 million

Net Profit: Rm1.961 billion

EPS: 290.63 sen

P/E Ratio: 0.17

Dividend: 272 sen per share

Dividend Yield: 584.95%

NAB: 0.40

No. of shares: 707.953 million

Par Value: 0.10

Paid up capital: Rm70.795

Market Capitalization: Rm329.198 million

When I checked the price late this morning, the trading volume was way below 100,000 and the price moved up only 1.5 sen at 45.5 sen.

Then I suppose, rumours spread a bit (though the good things already happened) and at 3.20pm, the last done price was 47 sen and the volume was already 136,000!

I suppose, even with incorrect information, with enough people chasing the shares, its price can go up a bit.

Further information revealed the following events which explains why the price was unexciting:

The current Cum price refers to the 3rd Interim Single Tier Dividend of 1.75 sen per share;

A Special ST Dividend of Rm2.65 per share had gone Ex since 10/12/14! Lodgement date was 12/12/14 and payable on 24/12/14.

The market did react to the news (though I wasn't aware) because the highest price for the past year was Rm3.00 on 28/11/14 and the lowest was 25 sen on 15/12/14.

In other words, almost all the extraordinary earnings had been paid out to shareholders: each shareholder holding 1,000 shares would have received Rm2650 in Special Dividend.

Like the masked magician revealing the tricks, now we know why the price shot up and how it was done! It would be naive to think there were no insiders trading and made good gains from the information.
 

Link

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